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Jan 1, 2013
01/13
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we still have a deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of every solution on deficit reduction. the other side of the aisle reluctantly, after years of resisting it, came to our side in the early morning hours. that's number one. number two, we need to take an honest look at entitlements. here's what the facts are: social security untouched, unamended, unchanged will make every promised payment for 20 years. you can't say that about any other federal program. 20 years of payments with cost-of-living adjustments every singles year, and on the 21st year, there will be a dropoff of 30% in terms of social security benefits. so we have 20 years. we can wait, we can wait five, ten, or fifteen to do something about it. or maybe this year, 2013. that's i'd like to to. i'm preparing legislation which will call for the creation of a commission, to come up with a plan for 75-year solvency of social security. when you have it and it's been certified to be a valid plan, report
we still have a deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of every solution on deficit reduction. the other side of the aisle reluctantly, after years of resisting it, came to our side in the early morning hours. that's number one. number two, we need to take an honest look at entitlements. here's what the facts are: social security untouched, unamended, unchanged will make every promised payment for 20 years....
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Jan 1, 2013
01/13
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having said that, we still of the deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of the solution. the other side of the aisle reluctantly, after years of resisting, came to our side on this problem. number two, we need to look in entitlements. here is what the facts are. social security can make every promise of payment for 20 years. you cannot say that about any other federal program. on the 21st year, there will be a drop-off of 30% in terms of social security benefits. so, we of 20 years. we can wait to do something, or we can do something soon, maybe even this year, 2013. that is what i would like to see. i am preparing legislation which will call for the creation of a commission with a simple assignment, come up with a plan for a 75 year solvency of social security. when you haven't and it has been certified to be a valid plan, -- have its and it has been certified to be a valid plan, bring it to congress where it can be passed without a filibuster. to haveve this chance this debate
having said that, we still of the deficit issue. we still have a deficit problem. what we tried to establish this morning in this vote, revenue has to be part of the solution. the other side of the aisle reluctantly, after years of resisting, came to our side on this problem. number two, we need to look in entitlements. here is what the facts are. social security can make every promise of payment for 20 years. you cannot say that about any other federal program. on the 21st year, there will be...
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Dec 29, 2012
12/12
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KGO
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congress agreed to steep a spending cuts going into reduce the deficit. cuts now are just around the corner. >> the president says he's optimistic but did f.a deal can not be reached he'll tell hairy reid to introduce a fall back bill. >> put a bill making sure tax on middle class families don't goup, that unemployment is available for two million people z that lays ground work for additional deficit reductions and economic growth steps we can take in the new year. >> the bill, as the president calls bare minimum isn't what many hoped for, pushing off until next year, larger pron lems of dealing with the cuts. the study by george mason university found cuts will result in two million jobs lost and a $215 billion drop in the nation's gross domestic product. for california, it means defense spending will be cut by half a billion dollars, 12,000 children would lose their access to head head start programs and fewer women would receive screening. 7,000 victims of domestic violence would lose services. 8,000 fewer californians tested for hiv. 296,000 students
congress agreed to steep a spending cuts going into reduce the deficit. cuts now are just around the corner. >> the president says he's optimistic but did f.a deal can not be reached he'll tell hairy reid to introduce a fall back bill. >> put a bill making sure tax on middle class families don't goup, that unemployment is available for two million people z that lays ground work for additional deficit reductions and economic growth steps we can take in the new year. >> the...
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Dec 30, 2012
12/12
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what happened was the greatest prosperity in modern history. 23 million jobs, no more deficits, we got to a balanced budget and i remember saying to my husband my goodness, what's going to happen? there won't be any more u.s. government bonds because we're going to be out of the debt situation. we saw -- we saw it on the horizon when george w. bush became president, he decided to go back, backwards on rates across the board from the wealthiest to the middle to the poor, and he put two wars on a credit card and we are where we are where we are. and to add to this history, we all know that we're coming out of the worst recession since the great depression. it has been difficult, led by, unfortunately, some unscrupulous people on wall street who created a nightmare in the housing market. i remember saying to treasury secretary paulsen can you explain the rule of derivatives here and what happened and how we got into this crisis? and he put his head in his hands, mr. president, and he said not now. i'll talk to you later. now, that's not a very encouraging thing when the secretary of the t
what happened was the greatest prosperity in modern history. 23 million jobs, no more deficits, we got to a balanced budget and i remember saying to my husband my goodness, what's going to happen? there won't be any more u.s. government bonds because we're going to be out of the debt situation. we saw -- we saw it on the horizon when george w. bush became president, he decided to go back, backwards on rates across the board from the wealthiest to the middle to the poor, and he put two wars on a...
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Dec 30, 2012
12/12
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KGO
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this is a good deficit -- solid deficit reduction proposal. my great fear is they will make a deal and simply kick the can down the road and i think that may happen. it would be too bad. the right deal is to really take a big bite out of the deficit. you go back to the clinton tax rates and make some significant cuts and you cut the defense department, which hasn't been cut in 30 years. >> maggie, looks like we will get exactly what the governor just -- i mean assuming they get -- and what was your take listening to schumer and kyl? >> my take was there has not been that much progress. my take on labrador -- >> they sounded so optimistic. because that's where the deal >> well, they did. they both did because that's where the deal is being discussed in the senate. with the discussion with the house members that i found much more contentious and sort of interesting about where we are and that i think is of real concern. i do think that some senate democrats and some liberal members of the house would like to see the cliff gone over. they think t
this is a good deficit -- solid deficit reduction proposal. my great fear is they will make a deal and simply kick the can down the road and i think that may happen. it would be too bad. the right deal is to really take a big bite out of the deficit. you go back to the clinton tax rates and make some significant cuts and you cut the defense department, which hasn't been cut in 30 years. >> maggie, looks like we will get exactly what the governor just -- i mean assuming they get -- and...
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Dec 31, 2012
12/12
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FOXNEWSW
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this would increase the debt and deficit. republicans have one choice in the house. i don't know if boehner is able to do it. we'll go over the cliff of midnight tonight. the rates will be at the high rate. the bush tax cut will be over. if boehner is smart and the republicans including the conservatives in the caucus are smart, they would accept that, because there is no way it will be stopped. on thursday, the new republican house, should pass a bill, stand-alone bill that abolishes -- well, say that in reenacts the bush cuts for everybody up to $450,000. do it as a straight tax reduction. those who resisted it a week ago tax hike on the rich can argue it's not a hike, the hike already happened. but that is the only way to pre-empt obama extending all of this and making the republicans, fall guys for a hike in middle class taxes. >> bret: we're assuming it is past the senate. you have senators who have all expressed major concerns. >> you just know three most liberal senators, it's absurd, it should be million. >> you know anybody can stand up in the senate to caus
this would increase the debt and deficit. republicans have one choice in the house. i don't know if boehner is able to do it. we'll go over the cliff of midnight tonight. the rates will be at the high rate. the bush tax cut will be over. if boehner is smart and the republicans including the conservatives in the caucus are smart, they would accept that, because there is no way it will be stopped. on thursday, the new republican house, should pass a bill, stand-alone bill that abolishes -- well,...
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Dec 26, 2012
12/12
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FBC
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deficit $536 billion. $536 million. back then social security made up 6.5%. 6.5%. of the federal budget. 6.5%. the decayed and medicare didn't exist back then. let's compare that to what we are doing now. a 20% of the budget on social security, and then we throw a 21% more of the federal budget for medicare, medicaid, and another 13% for other social programs, food stamps. so that comes up to a whopping 54% of the budget. 54%. forgot to mention this. it is kind of important, isn't it? back than median family income was about $38,000. $38,000. today it is $62,000. we will pretend that looks like a two and that looks like a six. we haven't done too well, more than half a century in raising a the median income ine this country and that is something he is right about, we do have to fix that. imagine this, it's got a nobel prize. the unions made up 24% read today that number a rather convenient because a reduction by half of 12% right now. it tells which were the country is moving in this nostalgia for a 91% tax rate. i want
deficit $536 billion. $536 million. back then social security made up 6.5%. 6.5%. of the federal budget. 6.5%. the decayed and medicare didn't exist back then. let's compare that to what we are doing now. a 20% of the budget on social security, and then we throw a 21% more of the federal budget for medicare, medicaid, and another 13% for other social programs, food stamps. so that comes up to a whopping 54% of the budget. 54%. forgot to mention this. it is kind of important, isn't it? back than...
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Dec 29, 2012
12/12
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there isn't a structural deficit anymore. there's $1.9 billion -- >> yeah. >> but that is small. it was $25 billion just a couple years ago. this problem is a good part of the way toward being solved, and i think if people would have -- i don't think people even still completely understand that. and to me, the big question is, are the democrats, now that they have two-thirds majorities in each house, are they going to blow it up again and create new deficits like when gray davis was in charge, by rewarding in spending and locking in unions and things like that. >> and i think the democrats do have the supermajority in both the state senate and the state assembly, but a lot of the new freshmen coming in are from more centrist districts. they won by small margins, and i don't think it's a foregone conclusion that they're going to be steam-rollering with big government. voters also passed prop 39, which closed a corporate tax option of -- some would call it a loophole to pay a lower tax. that brings another $1 billion into the state budget. and for -- >> some of that's earmarked, th
there isn't a structural deficit anymore. there's $1.9 billion -- >> yeah. >> but that is small. it was $25 billion just a couple years ago. this problem is a good part of the way toward being solved, and i think if people would have -- i don't think people even still completely understand that. and to me, the big question is, are the democrats, now that they have two-thirds majorities in each house, are they going to blow it up again and create new deficits like when gray davis was...
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Dec 31, 2012
12/12
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won't do anything for the deficit at all. if you raise taxes on anybody at this moment, and we are going to, the economy will suffer. rick: i'm hearing from our colleague chad pergrum who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations take place, and we heard from senator thune in mike emanuel's report a minute ago what is the reaction of the business community at this function that is on display in our nation's capitol. >> despair, anger frustration. if you go forward into 2013 not addressing spending, in fact the president wants to raise spending on struc infrastructure you go forward into next year doing that with tax increases on upper income people and some small business owners you will slow the economy down. business does not want a slower economy, it wants a m
won't do anything for the deficit at all. if you raise taxes on anybody at this moment, and we are going to, the economy will suffer. rick: i'm hearing from our colleague chad pergrum who covers capitol hill from us not to expect to hear from the speaker of the house john boehner after we hear from the president at 1:30pm. speaker boehner tried to put plan b of his own on the table and ended up not having the republican support for it, so he pulled back. as business watches these negotiations...
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Dec 27, 2012
12/12
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and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is came over. -- game over. but if you are the united states of america and there are certain -- and you have the reserve currency of the world, and certain other factors that i will touch upon later, what you can do is you can expand your deficit as long as you create the circumstances so that german entrepreneurs, later chinese, take their profit, which they earned and they send it to wall street. thus closing the cycle, the recycling loop. so, effectively what we have between 1940's and 1971, 1973, you had global surpluses being recycled from united states to the rest of the world. the capitalist world. the western world. ok? so, the united states was an exporter to europe and japan. it was making profits. it was then recycling to europe and japan. so they would keep on buying. once the surplus shifted to japan, germany, and china, the idea that volcker had was a we will swap this. we will just turn it on its head. we will e
and who is going to pay for the deficit? if i have an ever-expanding deficit, the bank tells me it is came over. -- game over. but if you are the united states of america and there are certain -- and you have the reserve currency of the world, and certain other factors that i will touch upon later, what you can do is you can expand your deficit as long as you create the circumstances so that german entrepreneurs, later chinese, take their profit, which they earned and they send it to wall...
SFGTV2: San Francisco Government Television
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Dec 31, 2012
12/12
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overall, our budget, we are in our fifth year of major budget deficits. i have been chair of the budget committee for the past couple of years. i am still involved in budget issues. i want to make sure i can be helpful to my colleagues who are grappling with our huge deficit. it is inevitable that we are going to make painful cuts, so how do we do it in a way that will minimize the impact to every day san franciscans, how can we keep our parks in good conditions? how do we maintain our safety net for public health services, public security services, public safety? all these are critical decision that need to be made. the pension question is something that comes up. the cost of our pension liability will cost the city, especially because of our investments in the market have come down since 2008. we are spending more of our general fund to pay our pension costs. that is a big challenge. it is a long-term problem, but it also has short-term implications. we know right away we are not going to have the enough money as we need to cover our services and pensio
overall, our budget, we are in our fifth year of major budget deficits. i have been chair of the budget committee for the past couple of years. i am still involved in budget issues. i want to make sure i can be helpful to my colleagues who are grappling with our huge deficit. it is inevitable that we are going to make painful cuts, so how do we do it in a way that will minimize the impact to every day san franciscans, how can we keep our parks in good conditions? how do we maintain our safety...
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Jan 1, 2013
01/13
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. >> after years of deficits in california there is finally light at the end of the tunnel but that would change if the nation goes over the fiscal cliff. ktvu's ken pritchett is live with how failure in washington will hurt california. . >> reporter: reaching a deal tonight would be important. people next month make less money so they spend less and within 5 weeks california will see sales tax revenue drop. if there is no deal tax increases kick in, smaller pay checks for most americans. >> reporter: [ inaudible question ] >> absolutely. >> the unknown. >> i would not do the emotional shopping. it would be more the need. instead of the want. >> less spending, a rapid hit to the economy. >> february when we see the january sales tax receipts we may see a dip. >> reporter: california could be back to a big budget deficit. >> that could translate into a hit of $11 billion over two years. >> reporter: all of that could be avoided if a deal in washington is reached tonight. >> i don't think so. i don't think so. >> reporter: consumer spending is one of many examples of how california could be
. >> after years of deficits in california there is finally light at the end of the tunnel but that would change if the nation goes over the fiscal cliff. ktvu's ken pritchett is live with how failure in washington will hurt california. . >> reporter: reaching a deal tonight would be important. people next month make less money so they spend less and within 5 weeks california will see sales tax revenue drop. if there is no deal tax increases kick in, smaller pay checks for most...
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Dec 31, 2012
12/12
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a dog to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough. obviously, what happened here between the two leaders in the senate had broken down because they had come forward with a counter offer to what republicans said last night. hopefully the discussions between the vice-president and senator mcconnell will get us back on track and we will have a breakthrough and something we can vote on today or tomorrow to avert what we all believe would be an economic disaster. >> harry reid is as if you cannot come up with something by tonight that he will push a scaled-down version of what the president asked for, the tax cu
a dog to be reducing the deficit and debt. they say they want higher taxes on people in this country to pay for new spending. >> you have spoken a few times with the prize -- the vice president and it seems they have been able to come up with bipartisan deals. did he give you an indication that you just had with fellow republicans that it may be an avenue of success? >> there were conversations and discussions between us and we remain hopeful that it will be a breakthrough....
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Dec 30, 2012
12/12
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are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: as senate aide says it was designed to try to jumpstart the talks and consequences of getting a tax increase is a huge concern. >> gregg: what went awry in these talks? >> you heard senator thune. a fiscal cliff deal is a new way calculating inflation that would lower social security payments. democrats say they would do it as part of much bigger deal but it was off the table for the smaller deal they are working on. so democrats called it a poison pill. >>
are you going to pay down the deficit? if you are going to use it for more government spending we don't want a part of it. senator mcconnell on the republican side seemed to get frustrated because he felt like the democrats were slow walking the th, 18 hours without a response. mcconnell made a call to a well known senator, joe biden to see if he could help. >> we're willing to work with whoever can help. no single issue remains an impossible sticking point. a sticking point appears to be...
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Dec 31, 2012
12/12
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makes the deficit worse. the real test will been when they can do their jobs and make the hard choices and confront very dangerous debt levels that we currently have in this country that are part of the reason the economy is not growing. it's those hard choices that will be the real test of bipartisanship and the ability to govern. host: let's share with you yesterday how things unfolded. senator john thune spoke with reporters midday yesterday on capitol hill. [video clip] >> those conversations and discussions continue. we remain hopeful that will get a breakthrough. what happened between the two leaders in the senate had broken down, because the senate democrats failed to come forward with a counteroffer to the proposal republicans made last night. host: a late word from "politico" from republican leader mitch mcconnell. let me read to you a story that he and the vice president engaged in "serious overnight negotiations to avert the fiscal cliff, making major progress to a year-end tax deal, giving seven h
makes the deficit worse. the real test will been when they can do their jobs and make the hard choices and confront very dangerous debt levels that we currently have in this country that are part of the reason the economy is not growing. it's those hard choices that will be the real test of bipartisanship and the ability to govern. host: let's share with you yesterday how things unfolded. senator john thune spoke with reporters midday yesterday on capitol hill. [video clip] >> those...
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Dec 31, 2012
12/12
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MSNBCW
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that's a drop in the bucket to our deficit problems. so the real issue is spending and we got to deal with it. >> my guess is you're hearing the same thing that i hear from people. whether they're friends or family or they're people that i just -- that see me in starbucks. that is, why can't they get this done? i can't tell you the number of people who have said to me if i had a deadline at work and i just ignored it, i'd lose my job. this was yesterday on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> how did we get to this, congressman? he right? >> yes, he is. really it's the inability of congress to control spending. that is why we're in this pickle right now. we're spending $1.2 trillion more than we're taking in every year. and so he is completely right. i think people are right to see congress as dysfunctional. that's why we've got to deal with this today or tomorrow or the next day in a way that fixes this long term, not just gets us out of the
that's a drop in the bucket to our deficit problems. so the real issue is spending and we got to deal with it. >> my guess is you're hearing the same thing that i hear from people. whether they're friends or family or they're people that i just -- that see me in starbucks. that is, why can't they get this done? i can't tell you the number of people who have said to me if i had a deadline at work and i just ignored it, i'd lose my job. this was yesterday on the senate floor. >>...
SFGTV2: San Francisco Government Television
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Dec 27, 2012
12/12
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SFGTV2
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even though our deficit is not as large as it has been, it is tough because we have made these cuts already, and did this point, we are cutting things we really do not want to cut. and it is painful. we will lose more potential services. we will also not be able to support our residents. we are looking at weekend meals for seniors. it is painful. i think we have to look at it as a combined approach. it has to be cut within city government that we can bear -- services that are less essential. second, you have to look at raising revenue in the city. i think it needs to be a combination. and third, need to be much better informed, and we have to ask our public employees to look at the budget. and they already have, but also to look back. it is a threefold approach to me. >> what are the city's housing needs him much of the board of supervisors to to address them? supervisor kim: it is tough, because we depend on the market to build housing for our residents we build at over 150% of the need. we are building over the need of the market rates. we are actually building at roughly 80% of that need
even though our deficit is not as large as it has been, it is tough because we have made these cuts already, and did this point, we are cutting things we really do not want to cut. and it is painful. we will lose more potential services. we will also not be able to support our residents. we are looking at weekend meals for seniors. it is painful. i think we have to look at it as a combined approach. it has to be cut within city government that we can bear -- services that are less essential....
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Jan 1, 2013
01/13
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our deficit this year alone is likely to be about $1.3 trillion. this would reduce it down to $1.24 trillion. with the $60 billion of new revenue that it gains. most importantly it sets up three more fiscal cliffs over the next three months. when appropriation spending expires on march 27, when the debt ceiling has to be increased at the end of february, and when the sequester has to be dealt with at the very same time. so all we have done is to stumble forward and to an even less predictable situation with far fewer resources to invest in our nation and our children's future. thank you, mr. speaker. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from missouri seek recognition? >> mr. speaker, to address the house for one minute. the speaker pro tempore: without objection, the gentleman from missouri is recognized for one minute. mr. cleaver: thank you, mr. speaker. i don't particularly like the bill that's going to come to the floor. i'm going to vote for it. the reason is that i stumbling through on
our deficit this year alone is likely to be about $1.3 trillion. this would reduce it down to $1.24 trillion. with the $60 billion of new revenue that it gains. most importantly it sets up three more fiscal cliffs over the next three months. when appropriation spending expires on march 27, when the debt ceiling has to be increased at the end of february, and when the sequester has to be dealt with at the very same time. so all we have done is to stumble forward and to an even less predictable...
SFGTV: San Francisco Government Television
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Dec 27, 2012
12/12
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SFGTV
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department of technology budget have not been because of a lack of performance but the result of budget deficits across the board and i think they have born the massive bruntd of this within the technology world. >> i agree. >> finding number four -- the finding we were asking to react to. another consequence of dt for departments and participate in city wide initiatives and give up operational independence and for this i state that i agree. because other departments haven't had full faith in dt and not willing to give up operational independence. >> i would agree with that and i think that talks about the structural things we were talking about and structural issues and i look forward to the dialogue going forward and i think there are changes to be made here. >> number five and coit policies and changes and not communicated effectively to the mayor and coit and for this i would -- actually i think i partially agree. i would say partially disagree and i state while coit policies and city wide initiatives are communicated clearly there is no follow up or deadlines to carry out policies and initi
department of technology budget have not been because of a lack of performance but the result of budget deficits across the board and i think they have born the massive bruntd of this within the technology world. >> i agree. >> finding number four -- the finding we were asking to react to. another consequence of dt for departments and participate in city wide initiatives and give up operational independence and for this i state that i agree. because other departments haven't had...
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Dec 31, 2012
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the tax would go as the deficit went up. if we go down as the deficit went down. i think the imports -- i think they started this problem, and the need to, you know, revitalizes through this. let me give you one example. although sun. a utozone. they used to only sell american- made parts. now it is all chinese. they have taken over by autozone. host: thank you. our listeners can hear more on c-span radio. we just heard from senator mcconnell. he says that they are very close to a deal. the sequestration issue will be dealt with in the coming weeks and months. robert is turning us from canton, ohio. democrats lined. caller: hello. one thing about the social security and stuff, that should be like a savings account. nobody should be able to get for any debt. that should be what we work for for our future. they should have to ask us if they want to use the us -- use that to pay debt. as for the taxes, the need to get their heads together and work together, and if they do not want to work together, we need to vote them out and get someone in there who will work hand-
the tax would go as the deficit went up. if we go down as the deficit went down. i think the imports -- i think they started this problem, and the need to, you know, revitalizes through this. let me give you one example. although sun. a utozone. they used to only sell american- made parts. now it is all chinese. they have taken over by autozone. host: thank you. our listeners can hear more on c-span radio. we just heard from senator mcconnell. he says that they are very close to a deal. the...
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Dec 30, 2012
12/12
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KBCW
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with the deficit ticking higher, patience is wearing thin. >> for those of us that invest in the stock market, it's disgusting to watch them jockey around with our money. we're affected every day. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 million in mandatory spending cuts scheduled to go into effect tuesday. >>> if the government does go over the cliff, the impact on the aviation industry could be disastrous, and it could have a domino effect on the economy. the transportation security administration could lose about 7% of its budget, and more than 7,000 security officers. passengers could face longer waits at security. the faa could see its budget cut, and that means fewer planes, passengers, and cargo. >> everybody's pocketbook and livelihood is tied to the aviation system. the impact of it not being able to provide the service they do today would be devastating. >> if washington can't reach a compromise, are the economic recovery could stall. >>> a new york woman has been charged with murder as a hate crime for allegedly pushing a man in front of
with the deficit ticking higher, patience is wearing thin. >> for those of us that invest in the stock market, it's disgusting to watch them jockey around with our money. we're affected every day. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 million in mandatory spending cuts scheduled to go into effect tuesday. >>> if the government does go over the cliff, the impact on the aviation industry could be disastrous, and it could have a domino...
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Jan 1, 2013
01/13
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we do know that we have a deficit that's not yet been resolved. we do know that we have the sequestration on all those cuts that are simply waiting for us to deal with. and we have a debt limit and the funding of government. all of that is going to come together in february or early march. so it's likely to be a difficult spring here in washington. >> thank you, congressman for joining us live on washington, d.c. >> good luck. >> thank you. happy new year to california. >> happy new year. >>> well, about a million people from all over the world got the times square treatment as new york's huge crystal ball dropped into the new year. a lot of kissing going on, too. one of the panels on the ball had ding clark's -- dick clark's name engraved on it. this was the first new year's celebration since the host died this past year. >> here back at home no fog this year to block out the fireworks. it's beautiful, huh? it was a perfectly clear night. the fireworks along the waterfront that shot from treasure island looks like. a lot of people showed up for a
we do know that we have a deficit that's not yet been resolved. we do know that we have the sequestration on all those cuts that are simply waiting for us to deal with. and we have a debt limit and the funding of government. all of that is going to come together in february or early march. so it's likely to be a difficult spring here in washington. >> thank you, congressman for joining us live on washington, d.c. >> good luck. >> thank you. happy new year to california....
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Dec 28, 2012
12/12
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we have a $16 trillion deficit right now. we have the deficit because of social security, medicaid, medicare, welfare, food stamps -- all policies put into effect by the democratic party. everything is socialism. thomas jefferson said it best -- the republic is doomed. people sacrifice -- i'm a libertarian. i am more objective. i'm not a republican or democrats. i have to wonder if i want to live in this country. 29% of americans got some kind of assistance when ronald reagan was president. i have to consider and i'm considering moving to a tropical island and watching america go down the drain. we need to abolish social security, medicare, and medicaid. host: i will stop you there. we appreciate your thoughts. joseph says -- will go back to stay but by the president on the passing of norman schwarzkopf. host: "his legacy will e ndure." back to your calls. caller: good morning. god bless us. [indiscernible] where is the love? .e're at a church when the president and everybody was running. the church was all over the program.
we have a $16 trillion deficit right now. we have the deficit because of social security, medicaid, medicare, welfare, food stamps -- all policies put into effect by the democratic party. everything is socialism. thomas jefferson said it best -- the republic is doomed. people sacrifice -- i'm a libertarian. i am more objective. i'm not a republican or democrats. i have to wonder if i want to live in this country. 29% of americans got some kind of assistance when ronald reagan was president. i...
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Dec 27, 2012
12/12
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finance our deficits. and this is precisely how it worked. and the trouble was -- and if you want to understand exactly how the capital gains profits were attracted to the united states -- there are some key elements. one was, the commiseration of blue-collar workers in the united states. there were some key elements. one was the proliferation of states. that kept prices low. even with the oil crisis, prices in the united states rose more slowly than they did in japan or europe. so, if you were japanese or german, the profits, where do you invest them? where do you keep them? you keep them with the low inflation rate. that is one reason. one mechanism that helps attract the capital from the rest of the world and close the loop. wall street was another. it has an amazing capacity to create a metaphysical value out of nothing. walmart was another. is promoted the ideology of cheapness, which was calculated -- encapsulated so brilliantly. nobody needs a gallon of pickles. i don't think it fits in a fridge. wh
finance our deficits. and this is precisely how it worked. and the trouble was -- and if you want to understand exactly how the capital gains profits were attracted to the united states -- there are some key elements. one was, the commiseration of blue-collar workers in the united states. there were some key elements. one was the proliferation of states. that kept prices low. even with the oil crisis, prices in the united states rose more slowly than they did in japan or europe. so, if you were...
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Dec 31, 2012
12/12
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he never ran on cutting the deficit. he talks about it, but it's never been a central part of his plan. stuart: okay. okay. but in a leadership position, faced with a real crisis and this is a crisis, for heaven's sake, wouldn't you expect some degree of compromise from the president, which he has not done? >> i think he has compromised. stuart: where is the cuts in spending? where is the reform in entitlement systems? they are not there. >> if you want to talk about leadership, i would ask you why have the republicans not put forth really specific cuts? john boehner gave sort of a number, but was not specific about it. marco rubio just tweeted today or yesterday that the social security cuts were off the table. the g.o.p. didn't want them and the president supported them. i really don't think i'm being partisan on this point. i think the republicans are the ones that are lacking the leadership. stuart: kirsten, what you are doing is you are shifting attention. i think we should be focused on the president. granted, publ
he never ran on cutting the deficit. he talks about it, but it's never been a central part of his plan. stuart: okay. okay. but in a leadership position, faced with a real crisis and this is a crisis, for heaven's sake, wouldn't you expect some degree of compromise from the president, which he has not done? >> i think he has compromised. stuart: where is the cuts in spending? where is the reform in entitlement systems? they are not there. >> if you want to talk about leadership, i...
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Jan 1, 2013
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cut the deficit. however, we can cut the deficit by taxing the wealthy more and $250,000 is wealthy. they also will not consider cutting corporations loopholes or raising taxes on corporations. they will not consider cutting military even though we have gotten out of one war. if we cut poor people top fund military corporations and the wealthy we're going to hurt our economy. it's going to -- our economy is going to tank. host: that is joeian. once again, waiting for house to come back -- they are in recess subject to the call of the chair. as our guests of the "washington times" told us when they come back into the session, the rules committee has to come back first to create the rules for the current senate bill or amend the bill. we have a lot going on today on this first year of 2013. this is the current 112th congress. the new congress gets seated, 113th congress gets seated on thursday. a lot of these members that are taking part in the discussion will not be in the next congress. so that new co
cut the deficit. however, we can cut the deficit by taxing the wealthy more and $250,000 is wealthy. they also will not consider cutting corporations loopholes or raising taxes on corporations. they will not consider cutting military even though we have gotten out of one war. if we cut poor people top fund military corporations and the wealthy we're going to hurt our economy. it's going to -- our economy is going to tank. host: that is joeian. once again, waiting for house to come back -- they...
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Dec 31, 2012
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the republicans want to use it to reduce the deficit. the democrats want to ease spending cuts for another year or so. gregg? gregg: wendell goler, thank you very much, live at the white house. we switch to the other end of the avenue and there is house speaker john boehner just arriving and, let's listen. >> [inaudible]. gregg: wow, we got a ephappy new year out of eric cantor. maybe i couldn't hear and maybe the speaker said something. we couldn't make it out. we'll try to find out from mike emanuel there at the capitol. heather: very big place. very tall ceiling. gregg: very cavernous. the audio is awful. heather: cavernous, that is good word for it. let's look how much money the fiscal cliff tax hikes could cost your family. this is it. if your annual income between 20 and $30,000 your tax bill could go up $1200 next year. that jumps to more than 1700 for those making 40 and 50,000. the fiscal cliff will cost those making 75 and 100 grand more than $3500. and while those making between 200 and 500,000 will be paying about $14,000 mor
the republicans want to use it to reduce the deficit. the democrats want to ease spending cuts for another year or so. gregg? gregg: wendell goler, thank you very much, live at the white house. we switch to the other end of the avenue and there is house speaker john boehner just arriving and, let's listen. >> [inaudible]. gregg: wow, we got a ephappy new year out of eric cantor. maybe i couldn't hear and maybe the speaker said something. we couldn't make it out. we'll try to find out from...
SFGTV2: San Francisco Government Television
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Jan 1, 2013
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i have be asked to testify whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and understand and treat them. it's a small percentage. my goal is to develop better treatment so they can keep them off that trajectory towards life course persistent problems. >> are you saying that people that have the brain structure that you have identified will always be lacking in volitional control or impulse receive to the extent that they are criminals? do we have a subset of people that are criminals because of their brains? >> i should really differentiate psychopathy from criminality. there are a lot of reasons why individuals engage in different criminal activity. it's a very small percentage of p
i have be asked to testify whether or not psycho paths have affective deficits. absolutely they do. there has been hundreds of years of psychiatric research shows that they do. you have this two prong thing. on the one hand more dangerous if you release them and don't treat them. on the other hand, they're affectively different. there was a very nice article in the "new york times" magazine on mother's day about children who have these emerging traits and how we would develop and...
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Dec 26, 2012
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es una opción para reducir el déficit en un futuro. comenzamos preparativos para la topa de posesión del presidente barack obama. a pesar que no hay cambio de mando. se espera que el presupuesto sea menor que el 20109. del segundo período del presidente barack obama. hay voces que tienen que reducirse los festejos por la incertidumbre de la situación económica. creo que a nivel nacional el pueblo espera que se célebre la inauguración y el proceso democrático. tiene un costo de un millón 200 mil dólares que paga el congreso. es necesario, llevar a con bola ceremonia. >>> no, yo creo que; una lección presidencial es una cosa importante hay que proteger las instituciones básicas de esta nación son pagados por fondos privados estamos nug arando la persona más importante de la fas de la tierra. a aceptaran fondos corporativos para costear 2 ceremonias en enero. gui terminar una preso distancia y ese mismo día debe comenzar la siguiente. el 20 de enero cae día domingo. ese día ma bra una pequeña juramentación en la casa bla
es una opción para reducir el déficit en un futuro. comenzamos preparativos para la topa de posesión del presidente barack obama. a pesar que no hay cambio de mando. se espera que el presupuesto sea menor que el 20109. del segundo período del presidente barack obama. hay voces que tienen que reducirse los festejos por la incertidumbre de la situación económica. creo que a nivel nacional el pueblo espera que se célebre la inauguración y el proceso democrático. tiene un costo de un...
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Dec 30, 2012
12/12
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goes to the deficit in reality. it seems to me that that number comes up and is a political situation and what congress is really saying is that i am going to pander to the 98% because if i go to 125%, i will upset more of the electorate. i was listening to david brooks this morning and his comments that the real dysfunctional people are not necessarily congress, but the american people who are prepared to pass these deficits on to our grandchildren. >> have you looked at how any tax increases might affect you? had you planned for that at all? caller: i am comfortable enough, i am planned -- and i plan to give more. i would hope that most people in my financial situation would be prepared to do that. >> the democratic line is next, california. donna, hello. caller: i would like to state -- i think that one of our biggest problems is that the republican party has sold us out to grovers inquest. i think that everyone who took that pledge should be fired from the congress. they took an oath of office first. they have g
goes to the deficit in reality. it seems to me that that number comes up and is a political situation and what congress is really saying is that i am going to pander to the 98% because if i go to 125%, i will upset more of the electorate. i was listening to david brooks this morning and his comments that the real dysfunctional people are not necessarily congress, but the american people who are prepared to pass these deficits on to our grandchildren. >> have you looked at how any tax...
SFGTV: San Francisco Government Television
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Dec 26, 2012
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the mayor's office is currently projecting a 263 million dollar deficit for that two year period and that shortfall results from approximately 344 million dollars in known cost increases which is offset by 81 million dollars in estimated revenue growth over the same period. as always, this gap will have to be closed by the time the mayor submits his report, general funding departments reduced our budget, our general fund support by 3% over the next two fiscal years and they've asked us to make a 1 and a half percent cut in 13-14 and a 1 and a half percent cost in 14-15, the budget reduction targets that we received from the mayor's budget office are 465 thousand dollar reduction next year and a 558 thousand dollar reduction the next year, so in the scope of the budget reduction that they have received over the last three or four years, this is eminently manageable. two years ago, we were asked to make a 20% budget cut, so this is something that feels like we can accomplish hopefully with relatively little pain. we would hope to meet this 3% target as well as any cost increases in our
the mayor's office is currently projecting a 263 million dollar deficit for that two year period and that shortfall results from approximately 344 million dollars in known cost increases which is offset by 81 million dollars in estimated revenue growth over the same period. as always, this gap will have to be closed by the time the mayor submits his report, general funding departments reduced our budget, our general fund support by 3% over the next two fiscal years and they've asked us to make...
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Jan 1, 2013
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deficit reduction seems like a fair way to approach that. there are millions more people than available jobs. host: george zornick, thank you. late night for you. guest: i spent more time on new year's eve that i would have cared to. host: thank you for getting up early. next up, the conservative perspective from charles hurt. first a news update. >> john boehner is not endorsing the agreement on the so-called fiscal cliff. he has promised to vote on it right away. he is expected to encounter opposition. one camp earlier said, "it's three strikes in my book and i will be voting no on this bill." the legislation would impose a hardship and fall short on addressing the need in spending. president obama praised the agreements. coats to place on the other side of the capital on issues other than the so-called fiscal cliff. -- votes took place on the other side of the capital. extra cash for the fight against al qaeda and the fight against foreign governments trying to spy on the united states. mike rogers said the bill holds personnel levels at
deficit reduction seems like a fair way to approach that. there are millions more people than available jobs. host: george zornick, thank you. late night for you. guest: i spent more time on new year's eve that i would have cared to. host: thank you for getting up early. next up, the conservative perspective from charles hurt. first a news update. >> john boehner is not endorsing the agreement on the so-called fiscal cliff. he has promised to vote on it right away. he is expected to...
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Dec 30, 2012
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you know, any deal will likely not address the deficit. so what we can expect from lawmakers, after the deadline is over. we will take a look at that. >> heather: a few more arguments. russian president vladimir putin is putting adoptions on hold for american families, like this boy, four years old. his future is on hoild because the president of russia says so. what his american abts adoptive parents have to say to putin. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy,
you know, any deal will likely not address the deficit. so what we can expect from lawmakers, after the deadline is over. we will take a look at that. >> heather: a few more arguments. russian president vladimir putin is putting adoptions on hold for american families, like this boy, four years old. his future is on hoild because the president of russia says so. what his american abts adoptive parents have to say to putin. i have a cold, and i took nyquil, but i'm still stubbed up. [ male...
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Jan 1, 2013
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WBAL
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. >> i thought we were in a deficit crisis. i thought our families were being put at risk by this massive debt. what does this do about that? >> reporter: reducing the federal deficit was supposed to be at the heart of any deal, with serious spending cuts. in a gesture, the senate did cancel congressional pay raises but put off bigger action with a two-month delay of automatic government cuts to the military and federal program. the package would actually add more debt, when you count critical needs like extending unemployment benefits for one year, without making cuts to pay for them. house democratic leaders say they will work on cuts later but preventing income tax hikes is needed now. >> i think we've made gigantic progress. >> reporter: while middle class families keep their current tax rates, brace yourself for other taxes. rates go up for couples making above $450,000. paychecks for all workers get smaller. the payroll social security tax goes back up 2%, costing about $1,000 a year for an average worker. personal deduct
. >> i thought we were in a deficit crisis. i thought our families were being put at risk by this massive debt. what does this do about that? >> reporter: reducing the federal deficit was supposed to be at the heart of any deal, with serious spending cuts. in a gesture, the senate did cancel congressional pay raises but put off bigger action with a two-month delay of automatic government cuts to the military and federal program. the package would actually add more debt, when you...
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Dec 28, 2012
12/12
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they did not show as a deficit. while the budgets looked reasonable during that time, the actual spending was greater. people did not pay as much attention to the debt. it just kept mounting and growing. we borrowed to pay for the worse when we did not ask people to make sacrifices financially. there is a difference between borrowing in the future, pang forward and backwards, or having to pay right now. people might have felt differently if they had felt a pinch right at the time. they would have asked different questions than were asked. that is one of the reasons we got where we are. >> could you have been any more vocal about appropriations? >> i was vocal. when i got on the appropriations committee, i became chairman of the legislative branch. that is everything, all of the buildings. office buildings, 1700 capitol police forces, and all of their help, support staff. i held the growth flat. then we cut it by almost 5%. this time around, we let it grow a little bit higher. protect the dome so it did not fall in.
they did not show as a deficit. while the budgets looked reasonable during that time, the actual spending was greater. people did not pay as much attention to the debt. it just kept mounting and growing. we borrowed to pay for the worse when we did not ask people to make sacrifices financially. there is a difference between borrowing in the future, pang forward and backwards, or having to pay right now. people might have felt differently if they had felt a pinch right at the time. they would...
SFGTV2: San Francisco Government Television
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Dec 25, 2012
12/12
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[laughter] >> that being said, i do believe that deficits in certain essential aminnow acids and other types of things can certainly increase people's impulsivity. they can increase people's chances of not -- of those types of things, yeah. >> and one final question and i'm going to rephrase it a little bit, but why is it that we treat people who have, say, traumatic brain injuries or other diagnosed mental illnesses in the criminal justice system rather than in the mental health system? [applause] >> so what i showed you today was to give you that exact what is neuroscience doing in the legal is system and so that person of the person with the tumor, you could all see that and so can a radiologist. but the else that we do know of those images. no radiologist can just see by looking at them. we are so sensitive to individual differences in i.q., in age, in all of these different availables, psychopathy scores, whatever it is, we can develop beautiful pictures of these things. so the question is, how is the legal system going to deal with all of these different, you know, images and oth
[laughter] >> that being said, i do believe that deficits in certain essential aminnow acids and other types of things can certainly increase people's impulsivity. they can increase people's chances of not -- of those types of things, yeah. >> and one final question and i'm going to rephrase it a little bit, but why is it that we treat people who have, say, traumatic brain injuries or other diagnosed mental illnesses in the criminal justice system rather than in the mental health...
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Dec 28, 2012
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they did not show as a deficit. while the budgets looked reasonable during that time, the actual spending was greater. people did not pay as much attention to the debt. it just kept mounting and growing. we borrowed to pay for the worse when we did not ask people to make sacrifices financially. there is a difference between borrowing in the future, pang forward and backwards, or having to pay right now. people might have felt differently if they had felt a pinch right at the time. they would have asked different questions than were asked. that is one of the reasons we got where we are. >> could you have been any more vocal about appropriations? >> i was vocal. when i got on the appropriations committee, i became chairman of the legislative branch. that is everything, all of the buildings. office buildings, 1700 capitol police forces, and all of their help, support staff. i held the growth flat. then we cut it by almost 5%. this time around, we let it grow a little bit higher. protect the dome so it did not fall in.
they did not show as a deficit. while the budgets looked reasonable during that time, the actual spending was greater. people did not pay as much attention to the debt. it just kept mounting and growing. we borrowed to pay for the worse when we did not ask people to make sacrifices financially. there is a difference between borrowing in the future, pang forward and backwards, or having to pay right now. people might have felt differently if they had felt a pinch right at the time. they would...
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Dec 27, 2012
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theses why we're getting massive deficits today. we have never had anything like this without a major war. you can rightly wrap the knuckles of george bush, but that does not excuse president obama for what he has done. democrats and republicans share blame for what happened with the federal reserve, not calling them to read and counto account. even though i am a republican, i am for candidates who do those things. host: c-span democrat tweets in, which your flat tax treat capital gains as income? guest: my proposal would not. if you get the rate low enough, that would be a compromise i would be happy to make. that is a kind of conversation we should be having, how we get the rate as low as possible. if you get that very low rate, i will be a supporter of it. host: independence day tweets in, are you telling us you will stop investing if capital gains rate goes up to equal the ordinary income rate? guest: it is not a matter what we do in our own business, media has gone through a real convulsion. in terms of when you make an investm
theses why we're getting massive deficits today. we have never had anything like this without a major war. you can rightly wrap the knuckles of george bush, but that does not excuse president obama for what he has done. democrats and republicans share blame for what happened with the federal reserve, not calling them to read and counto account. even though i am a republican, i am for candidates who do those things. host: c-span democrat tweets in, which your flat tax treat capital gains as...
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Jan 1, 2013
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some financial experts say the bigger issue is an out of control federal deficit. and that part of the deal still needs to be address the. >>> u.s. stock prices higher on this final day of the year. the dow industrials rose 156 points, the nasdaq was up 59. the markets had been flat all morning, but climbed after the president's remarks that a deal seemed close at hand. 2012 seemed to be a positive year for the markets overall. the dow was up 7%. s & s & p 500 15% and the nasdaq went up nearly 16% higher than when it started. >>> secretary of state hillary clinton is in the hospital treating a blood clot. doctors say she did not suffer a stroke and expect her to make a full recovery. however clots are potentially serious if not treated. they can lead to a hemorrhage inside the brain. it's believed this blood clot is related to the concussion secretary of state clinten suffered earlier this month. >>> the accident happened near the ma colome river bridge on highway 12 east of rio vista. first reports of the accident came in 9:15 this evening. highway 12 is closed in
some financial experts say the bigger issue is an out of control federal deficit. and that part of the deal still needs to be address the. >>> u.s. stock prices higher on this final day of the year. the dow industrials rose 156 points, the nasdaq was up 59. the markets had been flat all morning, but climbed after the president's remarks that a deal seemed close at hand. 2012 seemed to be a positive year for the markets overall. the dow was up 7%. s & s & p 500 15% and the...
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Dec 31, 2012
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let's make sure sure we put it and the deficit. you better hope that democrats and republicans say we are not going to borrow any more money. that means adjusting the age or medicare. means testing for medicare and social security and cpi adjustments for the rate of inflation. that's what i want to raise the debt ceiling. in august 2nd of this past year 2011 we borrowed $2.1 trillion the last time we raised the debt ceiling and we've gone through that money in 17 months. we are burning money up here and it has to stop. uma: some folks are saying, why not just go over the cliff and let the country deal with it as the chips fall on that one, because some believe it's the only way to force president obama and the senate democrats to agree on fundamental tax reform. what do you think about that? >> we will get fundamental tax reform i believe as a part of the debt ceiling debate. going over the cliff means that our economy goes in the tank. we've got a very small recovery going on here. it would destroy the recovery, and jon's son is a
let's make sure sure we put it and the deficit. you better hope that democrats and republicans say we are not going to borrow any more money. that means adjusting the age or medicare. means testing for medicare and social security and cpi adjustments for the rate of inflation. that's what i want to raise the debt ceiling. in august 2nd of this past year 2011 we borrowed $2.1 trillion the last time we raised the debt ceiling and we've gone through that money in 17 months. we are burning money up...
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when they took the 2 percent out of social security we were funding the program through deficit spending. you probably shouldn't be continuing this temporary program for another year when social security has plenty of fiscal challenge of its own. >> you sport that move to let that lapse? >> i think it's a good policy to let the tax holiday expire. >> the tax stays for 400 for individuals 450 for households. it goes 20 percent above that threshold. there are people who say eerie time we raise that capitol gains tax total revenues for capitol gains go down because people cut back investments which hurts the entire economy. what say you? >> this is about the art of compromise. when congress waits until the last minute to address a bill here we are january 1st and they are addressing a bill that expired last night. >> you mentioned the debt kreeging we hit it yesterday. we had security measures in effect. that will put it off for two months. but then we will be right back here at the bargaining table. our credit rating dropped the last time we had this debt ceiling debate. is the >> no quest
when they took the 2 percent out of social security we were funding the program through deficit spending. you probably shouldn't be continuing this temporary program for another year when social security has plenty of fiscal challenge of its own. >> you sport that move to let that lapse? >> i think it's a good policy to let the tax holiday expire. >> the tax stays for 400 for individuals 450 for households. it goes 20 percent above that threshold. there are people who say...
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Dec 28, 2012
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this deal, if it's to be reached, will not the so-called grand bargain with trillions of dollars of deficit reduction. in fact, jeff, it's not even clear this deal-- again, if there is one-- would stop the across-the-board spending cuts for the defense department and other government programs. it looks like those cuts will go forward. what the president said today is 24 hours from now the senate leaders have to have a plan that deals with incom income taxes at a rate to be determined later, the threshold of that income, and some federal benefit and if they don't reach a deal, he will have his own plan b. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for two million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. that's bare minimum that we
this deal, if it's to be reached, will not the so-called grand bargain with trillions of dollars of deficit reduction. in fact, jeff, it's not even clear this deal-- again, if there is one-- would stop the across-the-board spending cuts for the defense department and other government programs. it looks like those cuts will go forward. what the president said today is 24 hours from now the senate leaders have to have a plan that deals with incom income taxes at a rate to be determined later, the...